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Gold surges on rising demand, seasonal push

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Press Trust of India Mumbai
Last Updated : Nov 26 2015 | 7:32 PM IST
Gold saw a modest rise at the domestic bullion market here today due to increase in buying interest from jewellery stockists and retailers.
Elsewhere, silver also rose smartly on the back of heavy speculative offtake.
Standard gold (99.5 purity) climbed by Rs 70 to settle at Rs 25,395 per 10 grams from Tuesday's closing level of Rs 25,325.
Pure gold (99.9 purity) also added by a similar margin to end at Rs 25,545 per 10 grams as compared to Rs 25,475.
Silver (.999 fineness) jumped by Rs 345 per kg to finish at Rs 35,030 from Rs 34,685 earlier.
On Global front, gold was trading near its lowest in nearly six years, on strong dollar after the US economic data reinforced expectations of an interest rate hike this year.
Spot gold was unchanged on the day at USD 1,070.73 an ounce in early European trade, while silver rose to USD 14.20 an ounce mark.

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First Published: Nov 26 2015 | 7:32 PM IST

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